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Trade Idea: GBP/USD - Sell at 1.4520 or buy at 1.4340

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 3, 2016.

  1. Lily

    Lily Forum Member

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    Cable's recovery after holding above 1.4386 support has retained our view that further consolidation above this level would be seen and another bounce to resistance at 1.4508 cannot be ruled out, however, reckon 1.4520 (50% Fibonacci retracement of 1.4654-1.4386) would limit upside and bring another decline later to[​IMG]

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